Hylan Asset Management, LLC
LAST UPDATED: JULY 1, 2019
Federal Trade Commission and People of the State of New York, by Eric T. Schneiderman, Attorney General of the State of New York, Plaintiffs, v. Hylan Asset Management, LLC, a New York limited liability company; Worldwide Processing Group, LLC, a New York limited liability company, also doing business as Worldwide Processing, also doing business as Forward Movement Recovery, and also doing business as FMR; Frank A. Ungaro, Jr., individually and as a corporate officer of Worldwide Processing Group, LLC; and, Andrew Shaevel, individually and as a corporate officer of Hylan Asset Management, LLC, Defendants.
FTC MATTER/FILE NUMBER: 162 3188 X180037
CIVIL ACTION NUMBER: 1:18-cv-00710-LJV
ENFORCEMENT TYPE: Federal Injunctions
FEDERAL COURT: Western District of New York
CASE SUMMARY
The defendants behind a New York-based debt collection scheme will be permanently banned from the debt collection industry under a settlement with the Federal Trade Commission and the New York Attorney General, who alleged that the defendants bilked consumers out of millions of dollars by brokering and collecting on fake debts that people did not owe.
CASE TIMELINE
July 1, 2019
Stipulated Order for Permanent Injunction And Monetary Judgment as to Andrew Shaevel; Jon E. Purizhansky; Bobalew, LLC; Bobalew Management Corporation; 6P, LLC; 6P Management Corporation; and Hylan Asset Management, LLC (1.29 MB)
Stipulated Order for Permanent Injunction And Monetary Judgment as to Frank A. Ungaro, Jr. and Worldwide Processing Group, LLC (3.86 MB)
PRESS RELEASE: Phantom Debt Brokers and Collectors Settle FTC and New York AG Charges
August 27, 2018
First Amended Complaint for Permanent Injunction and Other Equitable Relief (153.06 KB)
June 27, 2018
Complaint for Permanent Injunction and Other Equitable Relief (332.71 KB)
Memorandum in Support of Plaintiff’s Motion for Temporary Restraining Order with Other Equitable Relief, and Order to Show Cause Why a Preliminary Injunction Should Not Issue (498.88 KB)
PRESS RELEASE: FTC and New York Attorney General Act Against Phantom Debt Brokers and Collectors
For more information, see here: https://www.ftc.gov/enforcement/cases-proceedings/162-3188/hylan-asset-management-llc
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